So why the disgust at discovering BIF? Why so quick to throw in the towel?

1) Musselwhite gold mine in the JBL is hosted by a BIF, how many years have they been going strong?

2) It would seem the anomaly is overlain by younger BIF, usually a sedimentary depositional process, but since we know the RoF and komatiite flow is presumed to have been formed by at least two separate and distinct events, without doing any fact-checking and time-line verification, who's to say a deeper drill program wouldn't discover that the BIF had been scavenged by the komatiite flow and the deposit subsequently enriched?

3) There still remains the possibility that the bull's eye is a kimberlite, capped off by BIF. Recalling the Scott Hogg and Associates report commissioned by Spider, I believe, there were kimberlitic events that pre-dated and post-dated the RoF. What if, and it's a big if, but what if it was a diamond-bearing kimberlite pipe? Dontcha think DeBeers might come a'courtin?

If none of these above points have any merit, it in no way diminishes the SIGNIFICANT chromite resource FWR has already established through it's diligent efforts these past years. That, folks, is not smoke and mirrors. The chromite is very real and isn't going to grow legs and walk away anytime soon.

Seems like this could be Noront's way of enticing in new, get-rich-quick investors to FWR with their hostile takeover bid,and the promise of a juicy bidding war and then the subsequent "let-down" of the bullseye results to get those same folks to bail out en masse, and then Noront can grab more of the market share at a discount.

I mean, we don't even know how deep they drilled before they stopped. Do we know if they even got through the overburden? Or are they going to "re-think" this one somewhere down the line and say they found new evidence to suggest there is mineralization "sub-parallel" just like they did with AT12??

And don't forget, Noront said they were disappointed because there is no possibility of it hosting nickel-copper. Well, in a way, I'm almost relieved, imagine if they'd have found gold, and lots of it! Remember Windfall, anyone? Remember how that was going to get "Spun off" to the benefit of investors? Huh....I was an investor, and I don't recall receiving any spin-offs, but I DO remember FWR kept their word to THEIR investors when they spun off QUC to us all.

While I do miss the days of RN at Noront, I'm glad we've got the good people of Freewest looking after their shareholders. Sure, it's their own interests too, but they don't seem to compromise their values in the process. I own both FWR and NOT, but suffice it to say, I don't like the people running NOT these days. 'Nuff said.

I'll wait to see what Mac has to say to us...it shall be interesting to hear both sides of the story, I'm sure.